## Liquidity

A founder’s guide to the tender offer  
Learn what a tender offer is and how you can use one to provide liquidity for your shareholders, from the strategic benefits to the process for a successful transaction.  
[Read more](https://fund-forecasting@carta.com/learn/equity/liquidity-events/tender-offer/)

The secondary market, explained  
Understand the function of the private secondary market and how companies can benefit from secondary liquidity and secondary market transactions.  
[Read more](https://fund-forecasting@carta.com/learn/equity/liquidity-events/secondary-transactions/)

Waterfall modeling:
A complete guide  
Learn the ins and outs of simple and complex waterfall modeling with Carta's free, comprehensive resource.  
[Read more](https://fund-forecasting@carta.com/learn/private-funds/management/waterfall-modeling/)

Creating exit opportunities: Secondary market strategies for Egyptian startups  
For Egyptian startups facing a liquidity gap, secondary markets are a strategic solution. Find out how tender offers, direct secondaries, and recurring liquidity programs can create exit opportunities for employees and investors.  
[Read more](https://fund-forecasting@carta.com/blog/egypt-startup-exit-opportunities/)

Capital gains  
Capital gains are profits you make from selling a capital asset. Learn the difference between short-term and long-term capital gains and how taxes work for each.  
[Read more](https://fund-forecasting@carta.com/learn/equity/stock-options/taxes/capital-gains/)

Leveraged buyout (LBO)  
In this guide, learn how leveraged buyouts work and the steps required to complete these complex financial transactions.  
[Read more](https://fund-forecasting@carta.com/learn/startups/exit-strategies/mergers-acquisitions/leveraged-buyout/)